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Lawmakers Clear BPE of Financial Impropriety Allegations The Senate Committee on Public Accounts has cleared the Bureau of Public Enterprises (BPE) of allegations of financial impropriety brought against it by…
Yield Inched Higher as Investors Sell FGN Bonds In the debt market, the average yield on the Federal Government of Nigeria (FGN) bonds inched higher a basis point amidst selloffs…
NGX Dips as Equity Investors Book Profit Dropped by N27 billion, the Local bourse end the week negative as the Al-share Index fell by 0.11% to close at 47,279.92 points,…
Gold Ends Higher as Dollar, Bond Yields Rise Gold rebounded from early weakness on Friday after an unexpectedly robust United States (US) jobs report boosted the dollar and bond yields…
Oil Hits 7-Year High after OPEC+ Sticks to Plan Oil trades at a 7-year high after the Organisation of Petroleum Exporting Countries and allies known as OPEC+ stick to a…
Nigeria’s Public Finance Starts Falling Since 2016 –Moody’s Nigeria’s public finances have been deteriorating since 2016 due to successive oil prices shocks, Moody’s Investor Services said in a rating note.…
Money Market Rates Subdue as Liquidity Improves Money market rates have been projected to remain subdued as liquidity position in the financial system improves with open market operation (OMO) repayment,…
GDP: Nigeria More than 6x Bigger than Ghana Accounting for about 20% of the Sub-Saharan African economic bloc, Nigeria is more than six times Ghana’s gross domestic product, according to…
Nigeria’s Purchasing Managers Index Dips to 4-Month Low The opening month of 2022 revealed a solid expansion in Nigeria’s private sector, according to Stanbic IBTC-IHS Markit Purchasing Managers Index for…
Moody’s to Acquire GCR Ratings, Expanding Presence in Africa Moody’s Corporation announced today that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR),…